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Wednesday Wine & Wisdom: Earning with Airbnb and other travel stay sites

This post does NOT contain any affiliate links, the opinions are still all my own. 

I got an email from a friend today who has recently given his resignation to his employer. He did so without another job lined up & reported that he is now starting to get bored. He wanted to know what I was doing to fill up my time since I no longer have a “traditional” job.

I explained that just because I was not doing the standard version of working, did not mean I wasn't working. I have been sharing (or rather HAD been sharing via periscope, until the Nicaraguan internet said no) how to go from coping to cashflow. Those lessons while not via periscope anymore will be shared here going forward.

He happens to own a home and has some spare space. I mentioned that if he was bored, he could fill his time by sharing his space. When I lived in Orlando, I listed my extra bedroom on airbnb to generate some additional income. When I went to Chile a few years ago, I used the services of 2 people who offered their homes using this service as well. Not only does it help take you off the beaten path, it also can create new and lasting friendships. When you offer your place on sites like HomeStay.com, Airbnb.com and VRBO.com you literally open your doors to the world.

The nice thing about these services in addition to gaining potential new friends is it keeps you busy & it earns you income. You set your daily, weekly or monthly rates. Typically you can look to see what others in your area are charging to help you get a general idea, take some really good photos of your place & the space that your guests will be staying, upload and wait. If your place & prices are comparable, it won't be long before you have your first reservation.

I know just in conversations I had with one of my hosts in Chile, the 2 weeks I stayed covered more than half of his rent. I have another friend who recently moved to Italy and rented a 3 bedroom apartment that she fills with people for 15 days of the month. It covers her rent as well as her utilities. So that means she basically lives for free and she gets to have her place all to herself for half the year. How awesome would it be to cover the roof over your head & your utilities on someone else's dime? That means any additional earnings you make is just fun money! Score! Who can be mad about that?

What you can earn obviously differs from place to place or country to country. Here in Nicaragua where rents run from $300 - $500 a month, getting someone in your home for some of the prices I've seen down here can really be quite lucrative. I looked at a few places along the beach where the owners are getting $70-120 a day!

So if you are looking for a way to stay busy because your guests are going to need clean linen, maybe towels, if you offer breakfast and even if you are just offering a room to stay in, they are not from your neck of the woods and will at least have questions about where to go & what to do. Which means fun research for you, so get out more so you can make those recommendations. I'm looking forward to getting settled so I too can hop back into hosting & meeting new and exciting people.

Have you ever considered renting your place out using one of these or a similar type site?

The Wine: Lazo Merlot

I normally don't care for reds that have a twist top, as I was being taught quite some time ago about wines, the cork is part of the experience but here in Central America you want your wine to last. Since the air is naturally warm here, when I've ordered reds in the restaurants, they are actually refrigerated. I never saw that in the states so I opted for a twist top. 

What I have learned about reds is that you can hardly go wrong with anything from Chile, Argentina, Italy....wait, that's the wine talking. I liked this one & if you are a lightweight, one glass will be more than sufficient. If you try it, let me know how you like it.